Hainan Airlines 737-800. By Rob Finlayson Hainan Airlines (HU) reported a net profit of CNY2.63 billion ($415.9 million) in 2011, down 12.7% compared to CNY3.01 billion in 2010, due to high fuel prices. Operating revenue climbed 21% to CNY 26.27 billion while expenses jumped 26% to CNY19.5 million. Passenger boardings rose 9.98% to 20.49 million with an average load factor of 84.2%, up 3.01 points over the prior year. Cargo traffic volume grew 3.36% to 292,000 tonnes. In 2011, ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.